IAC (NASDAQ:IAC) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:10 PM.

Here's what investors need to know about the announcement.

Earnings

IAC beat estimated earnings by 657.32%, reporting an EPS of $4.57 versus an estimate of $-0.82.

Revenue was down $240.70 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.23 which was followed by a 5.06% increase in the share price the next day.

Here's a look at IAC's past performance:

To track all earnings releases for IAC visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.